Penny James steps down as Direct Line chief executive

With immediate effect

Jaskeet Briah
clock • 1 min read

Direct Line Insurance Group has announced that Penny James will step down as chief executive officer effective immediately.

The insurance company stated it is initiating a process to appoint a new chief executive, and that chief commercial officer Jon Greenwood will take the helm as acting chief executive in the meantime. Greenwood will also join the board, subject to any additional regulatory approvals. James will assist with the process of transition to "ensure a smooth handover of responsibilities", Direct Line said. Having joined the group as chief financial officer in 2017, James became chief executive in May 2019. Danuta Gray, chair of Direct Line Group, commented: "Penny has overseen significant ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Royal London announces FY24 results

Royal London announces FY24 results

£751m protection claims paid

Cameron Roberts
clock 07 March 2025 • 2 min read
Eleos adds IP offering to credit building service

Eleos adds IP offering to credit building service

Partnership with Wollit

Jaskeet Briah
clock 05 March 2025 • 1 min read
Mike Hay takes permanent role at Benenden Health

Mike Hay takes permanent role at Benenden Health

Hay named chief people officer

Jaskeet Briah
clock 03 March 2025 • 1 min read